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What: Shares of Brightpoint
So what: Fourth quarter revenue totaled $1.56 billion, with earnings per share of $0.34. Both figures topped the market's expectations, which called for $1.39 billion in sales and a $0.33 per share profit.
Now what: CEO Robert Laikin said the company is well positioned to benefit from smartphone trends within the broader wireless industry, as it provides device-lifecycle services. What's really weighing on investors is that the company cut its fiscal year 2012 earnings outlook. It lowered its adjusted earnings-per-share forecast from between $1.08 to $1.20 to a new range of $1.07 to $1.17.
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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.